Knight-Swift Transportation (NYSE:KNX) Sets New 1-Year Low – Should You Sell?

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) shares reached a new 52-week low on Wednesday . The stock traded as low as $44.94 and last traded at $45.37, with a volume of 1937322 shares traded. The stock had previously closed at $46.38.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KNX shares. Raymond James upped their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their target price for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Benchmark assumed coverage on Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $59.41.

Knight-Swift Transportation Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 60.81 and a beta of 0.97. The business has a fifty day moving average of $52.46 and a two-hundred day moving average of $53.42.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.62%. Knight-Swift Transportation’s payout ratio is 98.63%.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

A number of institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its position in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after buying an additional 322 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after buying an additional 370 shares during the last quarter. Quarry LP lifted its position in shares of Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after buying an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after buying an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after buying an additional 208 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.